I'm in the process of changing my banking provider and will be closing the accounts with my current one.
I do seem to have quite a few cancelled accounts (including loans and credit cards paid off) and a significant number of payees I'll never use again, so I was wondering if now would be a good time to start again, from scratch?
There aren't many transactions or payees yet, so I thought this would be a good time to do so.
Can you tell me what the pitfalls of doing this might be, please? I'm not over-concerned about keeping the old data, but I assume I can keep my last archive if I ever need to access it?
Also, is it possible to rune two databases 'side by side' until the existing accounts are fully consolidated?
Thank you.